Cut toll rates if no mood to sell PLUS, Kadir fires at Khazanah
PETALING JAYA: Veteran newsman Datuk A.
Halim wants Gamuda’s toll concessions, on top of PLUS
KUALA LUMPUR (Oct 31): The competition for toll roads is heating up.
CIMB, PLUS reach settlement over RFID system dispute
KUALA LUMPUR (Oct 25): CIMB Group Holdings Bhd and PLUS Malaysia Bhd have worked out a settlement agreement that puts an end to the joint venture partners’ dispute over PLUS’ decision to launch its own toll collection system.
RM6.2b for tolled highways better spent elsewhere, says economist
KUALA LUMPUR: Economist Muhammed Abdul Khalid criticised the finance ministry’s decision to acquire four urban tolled highways for RM6.
Private sector's offer for PLUS still not attractive, Dr M says
KUALA LUMPUR (Oct 22): Although the government prefers to stay out of business and is willing to divest its stake in PLUS Highway, Prime Minister Tun Dr Mahathir Mohamad said the offers by the private sector so far are not attractive enough.
Widad Business Group offers to buy PLUS Expressways concessionaires for up to RM3b
KUALA LUMPUR (Oct 10): Integrated facility management and construction outfit Widad Business Group (WBG) has offered to buy the PLUS Expressways Bhd's concessionaires by taking over 51% of Khazanah Nasional Bhd's shares for RM1.
PM Mahathir: Private sector proposals to reduce highway tolls can be considered
KUALA LUMPUR (Oct 7): Prime Minister Tun Dr Mahathir Mohamad said today the Malaysian government can consider private sector proposals to reduce highway tolls because the government is unable to eliminate these charges immediately due to the high expenses involved.
UEM Group: Part of proceeds from Cipali toll sale for infrastructure, other Indonesian investments
KUALA LUMPUR (Sept 20): UEM Group Bhd, a wholly-owned subsidiary of Khazanah Nasional Bhd, said part of the proceeds from the disposal of its subsidiary's stake in the operator of the 117km-long Cikopo-Palimanan (Cipali) toll road will be invested into Malaysia's key national infrastructure and other opportunities in Indonesia.
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Baru Bian: Highway toll study completed, Cabinet decision this month
KUALA SELANGOR (Aug 8): Works Minister Baru Bian said today that the government's highway toll study has been completed and that the Cabinet will decide on the matter by this month.
Five fallacies about the highway takeover offer
PETALING JAYA (July 8): The proposed acquisition of four toll concessionaires will save billions of ringgit for taxpayers and highway users, while providing shareholders of the toll concessionaires a limited but reasonable return on their investment to ensure the stability of the fragile financial markets The finance minister issued two separate statements on June 22 and 26, 2019 to explain the benefits and rationale of the proposed offer to acquire four highway concessionaires (LDP, SPRINT, Kesas and SMART) by the government.
